Daily Market Update

Silver Bullion To $50/oz and When to Sell Gold or Silver

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◆ Silver bullion is set to outperform gold, other precious metals and the vastly over valued risk assets of stocks and bonds in the coming years

◆ The record nominal high of $50 in 1980 and in 2011 will almost certainly be seen in the next two years

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◆ Silver rose 15.5% in 2019 to close just below $18/oz in 2019; a 50% gain in 2020 would take us to $27/oz and an 80% gain the following year would take us to $48.60/oz

◆ Same way you dollar, pound, euro etc cost average to acquire your silver bullion holdings; you should dollar cost average your reduction in allocations in the coming years

◆ It may be prudent to sell some of your holdings at around $48/oz, some at around $90/oz, at around $135/oz etc.

◆ This only applies to those many silver bullion buyers who are overweight and have a large allocation to silver – say over 10% or 20%

◆ Investors with small allocations of closer to 5% should only sell a small amount if the price goes parabolic or if they need the cash in a crisis for day to day expenses or needs

◆All investors should have a core financial insurance allocation to gold and silver coins and bars; Avoid digital gold, platform gold, gold tokens and crypto gold

◆ Popular and liquid bullion formats should be taken possession of and also stored in liquid, secure storage in their own country and at least one other safe jurisdiction

◆ Zurich remains the most liquid and safest places in the world to own gold and silver coins and bars


NEWS and COMMENTARY

Gold holds above $1,600 on fears over economic impact of virus

Gold tops $1,600 for first time since 2013

Why gold prices topped $1,600 and may soon hit a more than 7-year high

Share buybacks off to worst start in 7 years

Yields fall, 30-year to 2%, as Apple sales warning dents risk appetite

Euro falls towards key $1.08 level, bleak German investor survey piles pressure

Watch Gold Futures – A Run On Bullion Banks May Be Imminent

GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)

18-Feb-20 1588.20 1589.85, 1218.47 1220.37 & 1467.34 1470.77
17-Feb-20 1580.30 1580.80, 1212.41 1215.16 & 1457.04 1458.29
14-Feb-20 1576.35 1581.40, 1209.60 1214.20 & 1453.08 1456.79
13-Feb-20 1575.00 1575.05, 1213.55 1207.59 & 1447.27 1450.94
12-Feb-20 1566.75 1563.70, 1206.55 1206.55 & 1434.83 1434.54
11-Feb-20 1567.70 1570.50, 1212.77 1211.33 & 1436.01 1438.26
10-Feb-20 1574.05 1573.20, 1219.26 1215.93 & 1437.11 1439.64
07-Feb-20 1568.30 1572.65, 1212.45 1214.56 & 1432.33 1433.63



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Mark O'Byrne
Executive Director

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